Saturday August 18, 2018
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All banks in Greece to reopen on Monday

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Athens: All banks in Greece will reopen on Monday after a three-week holiday, but capital controls will continue, an official said on Saturday.

Depositors will be able to reach the counters of bank branches from next week for a limited number of transactions, but the 60 euro daily limit in cash withdrawals remains, Xinhua reported, quoting the Finance Ministry.

The only difference was that as of Monday savers will be given the chance to “carry over” their withdrawal allowance into the next day up to 420 euros per week.

For example, if someone does not withdraw any money on one day or four consecutive days, they will be able to withdraw up to 420 euros by the end of the week.

 

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SBI Launched MOPAD For Digital Convenience Of Customers And Merchants

MOPAD allows the customer to make payments through "Cards, Bharat QR, UPI and SBI Buddy (e-wallet)" on a single PoS (Point of Sale) terminal.

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"This is another initiative by the bank towards less-cash economy, which will empower merchants and customers to opt for more digital transactions.". Flickr

Lending major State Bank of India (SBI) on Wednesday launched a Multi Option Payment Acceptance Device for digital convenience of customers and merchants.

According to the lending major, MOPAD allows the customer to make payments through “Cards, Bharat QR, UPI and SBI Buddy (e-wallet)” on a single PoS (Point of Sale) terminal.

“MOPAD will help merchants to integrate different kinds of transaction through one PoS machine which will help in eliminating their operational inconvenience and streamline cash flow,” SBI Chairman Rajnish Kumar was quoted as saying in a statement.

As per the statement, the new initiative will roll-out on all PoS terminals in a phased manner. Flickr
As per the statement, the new initiative will roll-out on all PoS terminals in a phased manner. Flickr

“This is another initiative by the bank towards less-cash economy, which will empower merchants and customers to opt for more digital transactions.”

Also Read: SBI reduces lending rates on home and vehicle loans

As per the statement, the new initiative will roll-out on all PoS terminals in a phased manner.

Currently, SBI has deployed 6.23 lakh PoS terminals. (IANS)

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